Mutual of America Capital Management LLC Buys 258 Shares of American Water Works Company, Inc. (NYSE:AWK)

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Mutual of America Capital Management LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWKGet Rating) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,227 shares of the utilities provider’s stock after purchasing an additional 258 shares during the period. Mutual of America Capital Management LLC’s holdings in American Water Works were worth $4,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AWK. Strs Ohio boosted its holdings in shares of American Water Works by 146.6% during the 4th quarter. Strs Ohio now owns 15,062 shares of the utilities provider’s stock valued at $2,844,000 after purchasing an additional 8,953 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of American Water Works by 12.7% in the 4th quarter. Van ECK Associates Corp now owns 33,608 shares of the utilities provider’s stock valued at $6,347,000 after acquiring an additional 3,782 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in shares of American Water Works by 20.1% in the 4th quarter. Regentatlantic Capital LLC now owns 7,029 shares of the utilities provider’s stock valued at $1,328,000 after acquiring an additional 1,175 shares during the last quarter. Community Bank N.A. lifted its holdings in shares of American Water Works by 5.0% in the 4th quarter. Community Bank N.A. now owns 2,100 shares of the utilities provider’s stock valued at $397,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of American Water Works by 0.4% in the 4th quarter. State of Michigan Retirement System now owns 45,732 shares of the utilities provider’s stock valued at $8,637,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 82.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AWK shares. Wells Fargo & Company increased their price target on shares of American Water Works from $139.00 to $152.00 and gave the company an “underweight” rating in a report on Monday, July 18th. Barclays lowered their price target on shares of American Water Works from $172.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. StockNews.com assumed coverage on shares of American Water Works in a report on Thursday, March 31st. They issued a “hold” rating for the company. Northcoast Research assumed coverage on shares of American Water Works in a research report on Monday, July 18th. They issued a “neutral” rating on the stock. Finally, Janney Montgomery Scott raised shares of American Water Works from a “neutral” rating to a “buy” rating in a research report on Friday, June 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $173.78.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 693 shares of American Water Works stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $152.10, for a total transaction of $105,405.30. Following the transaction, the executive vice president now directly owns 11,361 shares of the company’s stock, valued at $1,728,008.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other American Water Works news, EVP Melanie M. Kennedy sold 1,029 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $145.52, for a total value of $149,740.08. Following the completion of the sale, the executive vice president now directly owns 12,054 shares in the company, valued at $1,754,098.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Melanie M. Kennedy sold 693 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $152.10, for a total transaction of $105,405.30. Following the completion of the sale, the executive vice president now owns 11,361 shares of the company’s stock, valued at $1,728,008.10. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $149.83 on Tuesday. The firm has a market cap of $27.23 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 4.11 and a beta of 0.44. The firm’s 50 day simple moving average is $146.93 and its 200-day simple moving average is $153.76. American Water Works Company, Inc. has a one year low of $129.45 and a one year high of $189.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.47 and a current ratio of 0.52.

American Water Works (NYSE:AWKGet Rating) last issued its earnings results on Wednesday, April 27th. The utilities provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.12. The business had revenue of $842.00 million for the quarter, compared to analyst estimates of $872.01 million. American Water Works had a net margin of 33.16% and a return on equity of 11.25%. During the same period last year, the company posted $0.73 earnings per share. As a group, equities analysts predict that American Water Works Company, Inc. will post 4.46 EPS for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Tuesday, May 10th were issued a dividend of $0.655 per share. This represents a $2.62 annualized dividend and a yield of 1.75%. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, May 9th. American Water Works’s dividend payout ratio (DPR) is presently 36.95%.

About American Water Works

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American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

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